Schneider Electric, a global specialist in energy management, has announced the signing of a memorandum of understanding (MoU) with National Grid Saudi Arabia (SA), the entity solely responsible for the transmission of reliable and cost-effective electricity in Saudi Arabia. Under the three-year agreement, National Grid SA and Schneider Electric will cooperate in developing and advancing electricity infrastructure in the country.
The MoU will facilitate the exchange of knowledge, experience, best practices and technology between the two organizations through periodic technical forums hosted interchangeably at their premises.
The companies will also collaborate as partners for decision-making on standards and specifications, engineering and design, and maintenance and operation. Additionally, Schneider Electric will provide Saudi Electricity Company (SEC) and National Grid SA with training on mutually agreed focus areas, particularly environmental issues and regulations impacting the industry.
The MoU comes at a time when Saudi Arabia is witnessing huge investments in the power transmission and distribution sector. According to Business Monitor International (BMI), the $ 80 billion (excluding nuclear power) 10-year investment plan for electricity infrastructure 2008-2018 is driving significant activity in the energy sector. BMI also predicts an additional 30 gigawatts (GW) to be added to the current estimated capacity of 51.6 gigawatts (GW) by 2020.
Abbal said: “We have an excellent relationship with SEC/National Grid SA that has been further strengthened by this important MoU. As part of this agreement, we will work toward developing standards and specifications that are specially tailored for the Saudi Arabia market. We will collaborate with Saudi National Electro-Technical Committee (SNEC) in the fields of protection, substation design and automation, smart grid, maintenance and asset management.
Mohammed S. Al-Rafaa of National Grid SA, said: “We believe the MoU will reiterate nationalization and localization of our resources in this key industry that is poised for tremendous growth in Saudi Arabia.